17/09/2026 09:52

Active Growth Portfolio – Amendment

We are cutting a position for a loss.

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17/09/2026 09:33

PLS Group Ltd (ASX: PLS) $4.25

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24/08/2026 16:34

PLS Group (ASX: PLS) $5.47

PLS: +7.89%: Came out with a strong set of FY26 numbers, highlighting an ongoing earnings recovery as higher lithium volumes and an improved operating base drove earnings (EBITDA) above A$1bn, although net profit (NPAT) fell short of consensus.

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20/08/2026 09:43

Portfolio Amendment – Active Growth

We are making changes to the Active Growth Portfolio today.

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21/07/2026 09:25

PLS Group Ltd (ASX: PLS) $4.19

There has been no company-specific news around PLS since it delivered a solid quarter in April; the share price has declined in line with the Spodumene price, and the ILIT ETF touched on earlier. PLS is one of the most operationally leveraged pure-play spodumene producers globally with a structurally improving cost profile. Every ~US$100/t move in the realised spodumene price translates to a meaningful swing in EBITDA given FY27 production is forecast at ~1,050–1,100kt, implying more than $100mn of EBITDA sensitivity per US$100/t at current volumes, before cost offsets.

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11/06/2026 09:24

Pilbara Minerals Ltd (ASX: PLS) $5.76

Pure lithium business Pilbara delivered a solid quarter in April, confirming its operational performance was on track, covered here. What comes next is largely down to the underlying lithium price - not unusual in the cyclical commodities space. We covered the stock in detail on April Fools Day, calling it a buy around the $5 at the time here, but after advancing another 35% to last week's high, we have to question if the pendulum of risk has swung more in favour of caution.

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24/04/2026 16:35

Pilbara (PLS) $5.77

PLS +1.58%: delivered a solid operational quarter, with higher production and lower costs offsetting weaker sales volumes as lithium markets remain volatile.

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01/04/2026 09:29

Pilbara Minerals Ltd (ASX:PLS) $5.12

Lithium is moving out of its cyclical downturn and into a tightening phase, with demand broadening beyond EVs into energy storage and infrastructure linked to AI and data centres. At the same time, the supply response has been curtailed following the 2023–25 price slump, with producers cutting output and delaying projects.

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05/03/2026 09:30

Are the “short sellers” right to focus on consumer stocks?

Hedge funds have shifted their short positions away from ASX resource names that benefited from the recent commodities boom, targeting consumer-facing stocks such as Treasury Wine Estates, Domino’s Pizza and Guzman y Gomez amid concerns around weakening household spending.

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24/02/2026 09:36

Pilbara Minerals Ltd (PLS) $4.37

PLS reported solid numbers last week – covered Here. On balance we can see PLS trading between $4 and $5 for most of 2026 following its five-fold advance from its 2025 low.

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